Karora Resources Inc (KRRGF)

[geodan]

New PR Gold: The five drill holes designed to test for nickel mineralization also returned encouraging gold intersections south of the Gamma Island Fault, occurring both in the underlying footwall basalt (same environment that hosts both the A Zone and Western Flanks Mineral Resources), and the overlying ultramafic. The association of gold mineralization with the ultramafic is not typical of the Beta Hunt gold mineralized system and requires further study to understand the significance of this observation.
The confirmation of gold mineralization south of the Gamma Island Fault extends the Beta Hunt gold system over a 3.5 kilometre strike length from the northern end of A zone and indicates potential for the continued growth of the existing gold Mineral Resource. Significant gold intersections1.include:
G50-22-002E: 2.7g/t over 12.0 meters, including 10.1g/t over 1.4 meters
G50-22-005E: 5.2 g/t over 3.2 meters
G50-22-004E: 2.8g/t over 11.5 meters, including 10.5 g/t over 0.5 meters
G50-22-003E: 4.2g/t over 2.0 meters So they drill for gold and find gold at Larkin zone and they hit bonanza grade nickel by accident (over $1,000 a ton) then they drill for more of that bonanza grade nickel in another part of mine and they find even richer nickel, and new ore body of nickel, yet accidentally find gold where it should not be. This is called having good luck.